Uh, no... The graphics are only slightly better than Oblivion (which was an early 06 game, and was impressive for it's time) and it's going to come out at the end of 2008, that's a year and a half away. And this is coming from a studio that always had cutting edge tech when they're game is released. While the art direction looks superb, the actual graphics aren't anything all that special now, and won't be especially when it's released. If anything, it's going to look better, not worse later.
Go look at something like Crysis or Mass Effect, then look at Fallout 3. It's not even close to CG...
And as far as in-game with the UI included, you have two clear gameplay shots with the complete UI. The battle shot, and the Pip-Boy 3000 shot. The rest are taken from gameplay away from the player to show wider view of the gameplay scene.